Ventura Textiles Renamed Superbev Limited
Ventura Textiles Limited has officially changed its name to Superbev Limited following approval at its Annual General Meeting (AGM) held on September 30, 2026. The company, which has not generated revenue from textiles since FY24, will now focus on the beverages sector. This strategic shift involves altering the Memorandum of Association (MOA) to include new object clauses for exploring beverage business activities. The company has utilized its cash and bank balances to invest in this new venture, aiming for a turnaround. Regulatory approvals from the Ministry of Corporate Affairs/Registrar of Companies are pending for the new object clauses, after which the company expects to generate revenue immediately.
Key Highlights
- Company name changed from Ventura Textiles to Superbev Limited.
- Focus shifts from textiles to the beverages sector.
- AGM approved name change and MOA alteration via special resolution.
- Company has no assets other than cash and bank balances.
- New business activities in beverages are expected to generate revenue post-registration.
Price Impact
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